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Samsung CEO of Semiconductors Kye Hyun Kyung speaks at an event celebrating the latest investment the company is making into its facilities in Taylor. (Grant Crawford/Community Impact)

$6.4B government subsidy leads Samsung to invest billions more in Central Texas

By Haley McLeod

Samsung Electronics signed a preliminary memorandum agreement with the U.S. Department of Commerce on April 15, receiving $6.4 billion in government subsidies in exchange for an estimated $45 billion total investment within the region surrounding the Taylor manufacturing plant under construction.

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